Looks like the pattern has enough waves to be considered completed.
"UP UP AND AWAY til Jan 26?"
The *one* issue which gives me "pause" in this pattern is (B) of {Y}. That pattern looks more like an H&S type than a Contracting-Tri type.
An H&S type would require wave (E) of {Y} to become larger than is shown here...
However, (B) is such a minor degree intraday pattern that visibility into its "type" is imperfect, and thus im not sure whether this is worth considering heavily, especially since both Larger-Degree TIME CONSIDERATIONS and Larger-Degree PATTERN POWER PHYSICS from {X} (as an Expanding Tri Success) dictates the bottom should have been in already.
THUS, my concerns about (B) of {Y} are "overruled" by Larger-Degree considerations, and I AM HOLDING LONG FROM ENTRY EARLIER TODAY (Avg price around 1990, stop 1970), with knowledge that there may be another retest back toward the low tomorrow if B of {Y} was considered H&S.
Prioritizing different inputs is critical to good wave analysis.
"The Larger-Degree Rules the Smaller"
CRITICAL UPDATE at 1:25AM EST: CLOSED LONGS AT 2023 because of the potential for (B) of {Y} as H&S to cause an acceleration back down following this movement up. Read comments for details on re-entry. Still think longer term going back to ath
UPDATE AT 1:25AM EST - POSSIBLE RETEST BACK DOWN IN AM DUE TO (B) of {Y} POWER RATING.
VERY UNSURE -- SO GOING FLAT FOR NOW
VERY UNSURE -- SO GOING FLAT FOR NOW
Posted earlier:
Back to the ATH?
